Excellent analysis Carl, especially the Euro input issue. Here in Portugal, a major retail outlet (FNAC), which I visited yesterday, is stocked to the gills with iPods, Nano's and of course all the accessories. The iPhone launch for this country is projected for January. The reserve list at the Apple Center in Lisbon is hot. Portugal is the European country with the highest density of mobile subscribers per population.
"Despite the nearly 10% drop so far today, the author still owns Apple stock."
Buying opportunity. Google's cheap today, too. The Fed and weak October retail sales have people spooked.
APple was poised to take a hit. The question was if it was going to happen before the holidays or after. It went up over forty dollars a share in about a month. The big players will want to take a profit, lower the price of entry for themselves, buy back in, and start the cycle over.
That is not to say it will not go back up, it likely will, and then some. Probably pretty quickly too.
Commenting by HaloScan
